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Nonprofit · EIN 34-1784955

HIGLEY FUND OF THE CLEVELAND FOUNDATION

Tax-exempt · CLEVELAND, OH 44103

Financials

$1.3M$2.6M2023$3.2M$2.7M2024
Revenue Expenses · by fiscal year end
Financials of HIGLEY FUND OF THE CLEVELAND FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,173,733$2,734,128$439,605$44,257,403$0$44,257,403
December 31, 2023990$1,261,924$2,624,283-$1,362,359$40,483,181$2,055$40,481,126
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$3,173,733
Net gain from sales of assets
$1,972,493
Other revenue
$0

Expenses

Grants and similar amounts paid
$2,218,705
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$2,218,705
Management and general (functional)
$515,423

Balance sheet and other

Total assets, start of year
$40,483,181
Total assets, end of year
$44,257,403
Total liabilities, end of year
$0
Net assets, end of year
$44,257,403
Publicly traded securities
$14,374,066
Net assets without donor restrictions
$44,257,403
Gross receipts
$22,203,716
Employees
0
Volunteers
5
Year formed
1994
State of legal domicile
OH

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
GINGER F MLAKARSECRETARY
Officer
0.5$0$247,853$56,466
ANTHONY GATTUSOTREASURER
Officer
0.5$0$179,587$46,913
SHARON HIGLEY WATTSPRESIDENT
Trustee or director, Officer
1$0$0$0
DOUG WANGFIRST VICE PRESIDENT & TRUSTEE
Trustee or director, Officer
0.5$0$0$0
PATRICIA NOBILIVICE PRESIDENT & TRUSTEE
Trustee or director, Officer
0.5$0$0$0
JEFF LINTONVICE PRESIDENT & TRUSTEE
Trustee or director, Officer
0.5$0$0$0
BRIAN BROADBENTVICE PRESIDENT & TRUSTEE
Trustee or director, Officer
0.5$0$0$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
GINGER F MLAKARSECRETARY
Officer
0.5$0$217,242$51,600
ANTHONY GATTUSOTREASURER
Officer
0.5$0$126,866$42,109
SHARON HIGLEY WATTSPRESIDENT
Trustee or director, Officer
1$0$0$0
DOUG WANGFIRST VICE PRESIDENT & TRU
Trustee or director, Officer
0.5$0$0$0
PATRICIA NOBILIVICE PRESIDENT & TRUSTEE
Trustee or director, Officer
0.5$0$0$0
JEFF LINTONVICE PRESIDENT & TRUSTEE
Trustee or director, Officer
0.5$0$0$0
BRIAN BROADBENTVICE PRESIDENT & TRUSTEE
Trustee or director, Officer
0.5$0$0$0

Address and contacts

Address (IRS master file)
6601 EUCLID AVE, CLEVELAND, OH 44103-3905
In care of
% MICHAEL J HOFFMANN
Principal officer (990 for 2024)
SHARON HIGLEY WATTS, 6601 EUCLID AVENUE, CLEVELAND, OH 44103
Signed the 990
ANTHONY GATTUSO, TREASURER
Phone
(216) 861-3810

Mission

THE ORGANIZATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF, AND TO CARRY OUT THE CHARITABLE AND EDUCATIONAL FUNCTIONS OF THE CLEVELAND FOUNDATION.

990 for the year ended December 31, 2024

Program accomplishments

  • GRANTMAKING FOR OR ON BEHALF OF THE CLEVELAND FOUNDATION TO SUPPORT THE CLEVELAND FOUNDATION OR TO CARRY OUT THE CHARITABLE AND EDUCATIONAL FUNCTIONS OF THE CLEVELAND FOUNDATION.
    Expenses $2,218,705 · grants $2,218,705

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
34-1784955
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1994
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$44,257,403
Income (IRS master file)
$22,203,716

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,173,733$2,734,128$44,257,403XML
990December 2023$1,261,924$2,624,283$40,483,181XML
990December 2022$2,575,722$2,321,685$37,217,207IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-1784955).

Questions about HIGLEY FUND OF THE CLEVELAND FOUNDATION

What is the EIN of HIGLEY FUND OF THE CLEVELAND FOUNDATION?
The employer identification number (EIN) of HIGLEY FUND OF THE CLEVELAND FOUNDATION is 34-1784955.
Is HIGLEY FUND OF THE CLEVELAND FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to HIGLEY FUND OF THE CLEVELAND FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does HIGLEY FUND OF THE CLEVELAND FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of HIGLEY FUND OF THE CLEVELAND FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HIGLEY FUND OF THE CLEVELAND FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of HIGLEY FUND OF THE CLEVELAND FOUNDATION?
The 990 for the year ended December 31, 2024 names SHARON HIGLEY WATTS.
Who are the officers and directors of HIGLEY FUND OF THE CLEVELAND FOUNDATION?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does HIGLEY FUND OF THE CLEVELAND FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,173,733, expenses of $2,734,128 and total assets of $44,257,403 at year end.

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